Well-Maintained Ranch
For Sale
$325,000
Pending
36 Maple Road, Voorheesville, NY 12186
MULTI_FAMILY - Ranch - Voorheesville, NY
Property Size1,832 SF
Lot Size0.44 Acres
Days on Market82
Property Features for 36 Maple Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Laundry Room
Parking
6
Parking features
Driveway
Basement
Full
Lot features
Level, Cleared
Elementary school
Voorheesville
High school
Voorheesville
Elementary school district
Voorheesville
Middle school district
Voorheesville
High school district
Voorheesville
Directions
rte 85 t0o rt on 85A (Maple rd) on rte before trafic circle
Standard status
Pending
APN
013489 72.12-9-2
Size
1,832 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Annual Amount
6000
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Ranch
Listing Agency:
Gersch Real Estate Group LLC
(518) 452-1456
Listed By:
Patrick Campbell · License #10301214934
(518) 859-9656
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 21 at 10:06AM
MLS# 202618521
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained ranch-style duplex at 36 Maple Road offers two units in a residential income configuration. The property includes a big yard and off-street parking, and it has benefited from multiple recent major systems and updates. Documented improvements include a new roof in June 2019. Additional replacements noted in the remarks include a new water heater for Unit B (12/2025), a new AC unit for Unit A (6/2025), and a new furnace/composite system for Unit A (6/2025).
Located in Voorheesville, NY, the duplex is in the Voorheesville School district and is described as being close to the village, shopping, and restaurants. The setting provides convenient everyday access while still including outdoor space for tenants to enjoy.
With long-term tenants that are interested in staying, the property may appeal to investors seeking continued occupancy as well as owner-occupants who want to offset their housing costs with rental income. The ranch layout, yard area, and parking are practical considerations for tenants, and the documented system updates can help reduce near-term maintenance uncertainty for a new owner.
Located in Voorheesville, NY, the duplex is in the Voorheesville School district and is described as being close to the village, shopping, and restaurants. The setting provides convenient everyday access while still including outdoor space for tenants to enjoy.
With long-term tenants that are interested in staying, the property may appeal to investors seeking continued occupancy as well as owner-occupants who want to offset their housing costs with rental income. The ranch layout, yard area, and parking are practical considerations for tenants, and the documented system updates can help reduce near-term maintenance uncertainty for a new owner.
Key Highlights
- Well‑maintained ranch‑style duplex in the Voorheesville School district (year built 1975)
- Recent exterior and major systems updates: new roof (6/2019), new water heater (12/25, unit B), new AC (6/25, unit A), and new furnace (6/25, unit A)
- Comfort features include central air and forced‑air heating with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,153
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,060
$423.1K
Cap Rate 7%
$302,186
$302.2K
Cap Rate 9%
$235,033
$235.0K
Market Conditions
NOI Build-Up for 1,832 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.9K $17.40/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$30.2K $16.50/SF
− OpEx
−$9.1K −$4.95/SF
NOI
$21.2K $11.55/SF
Area
Albany County, NY
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$423,060
Cap Rate 7%
$302,186
Cap Rate 9%
$235,033
Alternative Uses
Best Use
Multifamily LT 5
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$279.5K
$244.6K – $326.1K
NOI $19,568 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$571.7K
$500.2K – $667.0K
NOI $40,017 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 12186, NY
6,485
Population
2,718
Households
2.4
Avg Household Size
46
Median Age
52%
College-Educated
96%
High-School Grad
33.1 sq mi
ZIP Area
196
Density / Sq Mi
$116,053
Median Household Income
$49,267
Median Earnings
$1,132
Median Rent
$338,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Ranch duplex with off-street parking, a big yard, and long-term tenants in the Voorheesville School district.
Where is this duplex located?
The property is located at 36 Maple Road Voorheesville, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Well‑maintained ranch‑style duplex in the Voorheesville School district (year built 1975); Recent exterior and major systems updates: new roof (6/2019), new water heater (12/25, unit B), new AC (6/25, unit A), and new furnace (6/25, unit A); Comfort features include central air and forced‑air heating with natural gas
